Hawkins Inc (HWKN)
Payables turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 725,526 | 769,979 | 628,021 | 473,109 | 439,281 |
| Payables | US$ in thousands | 56,387 | 53,705 | 66,693 | 37,313 | 34,129 |
| Payables turnover | 12.87 | 14.34 | 9.42 | 12.68 | 12.87 |
March 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $725,526K ÷ $56,387K
= 12.87
Hawkins Inc's payables turnover ratio measures the efficiency with which the company manages its accounts payable. A higher turnover ratio indicates that the company is paying its suppliers more frequently within a given period.
Analyzing the trend in Hawkins Inc's payables turnover ratio over the past five years, we observe fluctuations in the ratio. In the fiscal year ended March 31, 2024, the payables turnover ratio decreased to 12.87 from 14.34 in the previous year, indicating a slight decrease in the frequency of paying suppliers compared to the previous year.
Comparing this with the ratio of 9.42 in fiscal year 2022, we note that the company improved its payables turnover efficiency significantly in fiscal year 2023. However, the ratio has remained relatively stable around the 12-14 range in the past few years.
Overall, the payables turnover ratio for Hawkins Inc has shown variations but has generally been at healthy levels, suggesting efficient management of accounts payable and good relationships with suppliers. It is important for the company to monitor this ratio over time to ensure continued effectiveness in managing its payables.
Peer comparison
Mar 31, 2024